Tesla has halted Cybertruck deliveries, according to social media chatter, possibly to address a problem with the accelerator pedal. TSLA stock lost a fraction early Monday.
In recent days, forums dedicated to the Tesla Cybertruck had several posters saying their upcoming deliveries were delayed or canceled.
Others had complained about the accelerator pedal getting stuck.
Tesla does not have a media relations department, and often doesn't disclose key news to the public.
However, on Saturday, noted Tesla influencer @wholemarsblog wrote on Elon Musk's X that "Tesla has stopped all Cybertruck deliveries for 7 days due to an issue with the accelerator pedal."
https://twitter.com/WholeMarsBlog/status/1779221584877928843
A relatively high number of initial Cybertrucks delivered have broken down and required service, sometimes after just a handful of miles.
Meanwhile, Tesla has told Cybertruck production workers at the Austin factory that their shifts will be slightly shorter as of Monday. That's according to Business Insider, citing an internal memo.
It's unclear if that's a temporary move as Tesla works to address issues affecting deliveries, or if it's a long-term move due to demand.
There are online rumors that Tesla will announce layoffs, perhaps large, in the near future.
Tesla slowed Shanghai production substantially starting in March.
Tesla's Fremont plant is still struggling to ramp up production of the updated "Highland" Model 3, with deliveries still being pushed back weeks or months.
FSD Subscription Rate Halved
Late Friday, Tesla cut the subscription price of Supervised Full Self-Driving to $99 a month from $199. At that lower rate, it would take 10 years to reach the current $12,000 price tag for buying FSD.
On Saturday, Tesla abruptly halted its latest FSD free transfer to another vehicle.
Tesla Stock
Tesla stock fell 0.5% Monday morning.
Shares fell 2% to 171.05 in Friday's stock market trading. TSLA stock gained 3.7% for the week, buoyed by Musk's promise of a robotaxi unveiling on Aug. 8.
Please follow Ed Carson on Threads at @edcarson1971 and X/Twitter at @IBD_ECarson for stock market updates and more.
